EXPE has been in a strong uptrend for just over 2 weeks, and has last given us a BUY SIGNAL last Tuesday when it made a strong move over its 50 day MA and held up since. Today, EXPE had a small breakout while closing at the upper line of its up trending channel sitting just below its next resistance level of $26.00. As long as EXPE continues to trade within this strong upward channel, EXPE is a HOLD. A move over $26.00 should have EXPE move as high as around $27.00 before getting through some more resistance. A long position around current levels should be relatively safe with the strongest support sitting at the 50 day MA at $24.50. A long position at the current price of $25.75 with a suggested stop loss order of around $24.35 would trigger a loss of only -5.43% to get a clear STRONG SELL SIGNAL. If a pullback were to occur tomorrow it shouldn't be lower than $25.00 where the bottom line of the channel. A conflicting signal though, is the stochastic that looks to being very close of giving us a SELL SIGNAL, which may hint that EXPE may be near the top of its trend. However, today's breakout leaves to me to believe that it may still have a bit of upside left in it. Despite being in a SAFE BUY ZONE, the main challenge for EXPE if it does continue higher would be to go over $27.00 because it pulls back around $27.00 this would give you a minor return of just around +4.85% which is less than you would be risking with a stop loss order around $24.35. However, if EXPE does continue higher than $27.00 it could go at that time much higher. With all that being said and all the conflicting signals that come with EXPE, it is a HOLD.
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